Which of the following statements is correct about debentures?(a) Interest on debentures is an appropriation of profits.(b) Debenture holders are the creditors of a company.(c)Debentures cannot be issued to vendors at discount.(d) Interest is paid on Debentures issued as Collateral Security.7. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternativefrom those given below.Assertion (A) :- Under Section 62(1)(b) of the Companies Act, 2013, a Company may offershares to its employees under a scheme of ‘Employees Stock Option’ which means the option(right) given to the whole-time directors, officers or permanent employees of a company topurchase or subscribe the securities offered by the company at a future date, at a pre-determinedprice, which is lower than the market price.Alternatives:Reason (R) :- The company need not to pass a special resolution to this effect.(a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation ofAssertion (A)(b) Both Assertion (A) and Reason (R) are Correct, but Reason (R) is not the correct explanationof Assertion (A)(c) Assertion (A) is incorrect, but Reason (R) is Correct.(d) Assertion (A) is correct, but Reason (R) is incorrect8. Neil, Nitin and Nitesh were partners in the firm sharing profits and losses equally. Neil retiresfrom the firm and on his retirement, he is entitled for the payment due to him after all theadjustments.

The correct statement about debentures is (b) Debenture holders are the creditors of a company. This is because debenture holders lend money to the company and are therefore its creditors.

For the Assertion (A) and Reason (R) question, the correct answer is (d) Assertion (A) is correct, but Reason (R) is incorrect. Under Section 62(1)(b) of the Companies Act, 2013, a company may indeed offer shares to its employees under a scheme of ‘Employees Stock Option’. However, the company does need to pass a special resolution to this effect, making Reason (R) incorrect.

The text about Neil, Nitin and Nitesh seems to be an incomplete question. Based on the given information, it can be inferred that Neil is retiring and is entitled to payment after all adjustments. However, without a specific question or further details, it's not possible to provide a more specific answer.

The correct statement about debentures is (b) Debenture holders are the creditors of a company. This is because debenture holders lend money to the company and are therefore its creditors.

For the Assertion (A) and Reason (R) question, the correct answer is (d) Assertion (A) is correct, but Reason (R) is incorrect. Under Section 62(1)(b) of the Companies Act, 2013, a company may indeed offer shares to its employees under a scheme of ‘Employees Stock Option’. However, the company does need to pass a special resolution to this effect, making Reason (R) incorrect.

For the last question about Neil, Nitin and Nitesh, it seems like there is missing information. Based on the given information, it can be said that Neil is entitled to payment due to him after all adjustments upon his retirement from the firm. However, without further details, it's not possible to provide a more specific answer.